Paytm HDFC Bank Credit Card
Co-branded
Reward Points
1st Year Fee: ₹500* Plus Applicable Taxes
Co-branded
3X Cashpoints on Paytm spends
Rewards
1% Cashpoints on non-Paytm spends
Dining
Up to 20% discount at partner restaurants
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About Paytm HDFC Bank Credit Card
Paytm HDFC Bank Credit Card is a co-branded card and the base variant of Paytm HDFC Bank Select Credit Card. It is an entry-level card offering 3% Cashpoints on select Paytm spends and 2% Cashpoints on other Paytm spends. Besides this, the card offers a base reward rate of 1% on non-Paytm spends.
One thing to note is that this card earlier offered complimentary Paytm First membership as a joining benefit, which has now been discontinued. At present, despite charging a joining fee of Rs. 500, the card does not offer any welcome benefits. However, cardholders can avail joining and annual fee waivers on achieving the spending milestones.
The card also offers cashback of Rs. 1,200 every year as a milestone benefit, along with other basic benefits such as a fuel surcharge waiver and dining discount. For consumers who frequently shop or pay via Paytm and are looking for an entry-level credit card with basic benefits, this card can be a suitable option.
Note: This Card is not available on Paisabazaar. The content on this page is for information only. To express interest in this card, please visit HDFC Bank’s website.
Rewards Program & Milestone Benefits
Reward Earning
- 3% Cashpoints on spends at Paytm, including recharge, utility bills, movies and Mini app, capped at Rs. 500 per month
- 2% Cashpoints on other Paytm spends, capped at Rs. 500 per month
- 1% Cashpoints on other retail spends, capped at Rs. 1,000 per month1-3
Milestone Benefit
- 1% cashback, up to Rs. 1,200 in a year, on spending Rs. 10,000 every month
Other Features & Benefits
Fuel Benefit
- 1% fuel surcharge waiver on fuel spends between Rs. 400 and Rs. 5,000, capped at Rs. 250 per month
Fee Waiver
- Joining fee waiver on spending Rs. 30,000 within the first 90 days
- Annual fee waiver on spending Rs. 50,000 in a year
Dining Benefit
- Up to 20% discount on partner restaurants via Swiggy Dineout
Paytm HDFC Bank Credit Card: Fees & Charges
| Fee Type | Amount | ||||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Joining Fee | Rs. 500 + Applicable Taxes | ||||||||||||||||||
| Annual Fee | Rs. 500 + Applicable Taxes | ||||||||||||||||||
| Finance Charges | 3.75% p.m. | 45% p.a. | ||||||||||||||||||
| Late Payment Charges |
|
Things to Know Before you apply
Get this card if
You frequently use Paytm app for shopping, bill payments, and bookings
You want to earn accelerated rewards specifically on Paytm spends
You are looking for an entry level card with basic benefits
You regularly dine out and can benefit from up to 20% discount at partner restaurants
Other Similar Credit Cards
Paytm SBI Credit Card
Amazon Pay ICICI Credit Card
Airtel Axis Bank Credit Card
Axis Bank ACE Credit Card
Paisabazaar Review
What do we like about this card?
Paytm HDFC Bank Credit Card is an entry-level card designed for consumers who prefer to make payments via Paytm. You can earn up to 3% value back in the form of Cashpoints on your Paytm spends, which can be redeemed against various categories as per your requirements. The card also offers a base reward earning rate of 1% on non-Paytm spends. However, despite charging a joining fee of Rs. 500, the card does not offer any welcome benefits, but you can avail joining fee waiver on spending Rs. 30,000 within the first 90 days.
Pros
- Joining and annual fee waiver on achieving spending milestone
- 3X Cashpoints on select Paytm spends
- Milestone benefit worth Rs. 1,200 every year
- Accelerated rewards on bill payments via Paytm
- Up to 20% dining discount at partner restaurants
Cons
- No welcome benefits despite a joining fee of Rs. 500
- Low base reward earning rate of 1% on non-Paytm spends
- No travel and lifestyle-related benefits
- No Cashpoints are offered on wallet reloads, fuel, and rent payments
Frequently Asked Questions
Everything you need to know about this credit card
Yes, you can withdraw cash using your Paytm HDFC Credit Card. However, note that the cash withdrawal via this credit card is chargeable at 2.5% of the transaction amount or Rs. 500, whichever is higher.
Yes, in case you lose or damage your credit card, you can get a replacement card by paying a fee of Rs. 100. For safety purposes, ensure informing the bank at the earliest, if your card is lost or stolen.
The reward points earned on your HDFC Paytm Credit Card are valid for a period of two years. Also, note that all rewards earned via this card are in multiples of Rs. 150.
You can apply for this credit card online either through the Paytm app or by visiting the HDFC Bank’s official website and submitting the duly filled application form. Besides this, you can also apply offline by visiting the nearest branch of HDFC Bank and submitting the application form along with relevant documents.
Yes, you can redeem the accumulated Cashpoints against cashback. However, you can redeem a maximum of 3,000 per month against cashback.
Footnotes
- Cashpoints are not offered on wallet loads, fuel spends, EMI spends, rental spends, government spends, education payments through third party apps.
- Reward points earned on grocery spends are capped at 1,000 Cashpoints per month.
- Redemption of reward points against travel bookings will be capped at 50,000 points per month. The overall cashback redemption will be capped at 3,000 points per month.
Click here to know More Terms and Conditions
Shruti Sharma
Shruti Sharma is a skilled content writer with a passion for simplifying personal finance for consumers. Specializing in credit cards and financial planning, she offers valuable insights that empower individuals to make informed financial choices. Through her writing, she shares practical tips and guides readers through the nuances of credit card usage.
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